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Marine Renewables Canada has proposed a vision for the energy sector where offshore wind contributes over 30 GW of capacity by 2050 to meet increasing electricity demand driven by electrification in transportation, buildings, and industry. The report indicates that electricity demand could rise two to threefold by 2050, necessitating a substantial expansion of clean energy sources.

Key elements include establishing an offshore wind market and addressing regulatory uncertainties, infrastructure limitations, and financing access. The vision also positions Canada as a leader in tidal and wave energy, projecting a C$12Bn GDP impact from marine renewable energy construction activities.